With low reserves, Indonesia wants to import salt

VCN - Indonesia expects the amount of salt to be imported in 2017 to be 1.4 million tons. This is a good opportunity for Vietnam enterprises.
with low reserves indonesia wants to import salt
Indonesia expects to import 1.4 million tons of salt. Source: Internet

According to the Vietnam Trade Office in Indonesia, the Indonesian government has announced officially on whether to allow the import of salt in 2017 because the amount of salt in the water is not sufficient to meet consumer demand and in produce.

The main reason is due to heavy rainfall in recent years severely impacting the production and harvesting of salt.

Ministry of Marine and Fisheries (KKP) and the General Statistics Office of Indonesia (BPS) has proposed that the Government of Indonesia import 1.4 million tons of salt this year, of which 226,124 tons will be in the first quarter. Currently, Indonesia's salt reserves reached only 110,000 tons, while the demand of the market salt in the first half was 70,000 tons.

GARAM Company (Persero) designated the exclusive importer said the current salt permit application for imports will be carried out before May 5-2017. Although Indonesia doesn’t release any information about importing salt from which country yet, GARAM also said that they will select base on the lowest price.

KKP also recommends that the Government and the Ministry of Trade of Indonesia temporarily not license imports during harvesting of salt in March this year.

The Vietnam Trade Office in Indonesia evaluated that, this is a good opportunity for the exporters of salt in the country to expand access to the Indonesian market. Therefore, the agency will continue to monitor and report information to the domestic enterprises to use.

By Phan Thu/Thanh Thuy

Related News

Grasping more export opportunities via digital platforms

Grasping more export opportunities via digital platforms

VCN - E-commerce in Vietnam has gained impressive growth in recent years. Therefore, besides promoting the export of goods in the traditional way, the trend of in-depth investment in e-commerce is widely being applied by Vietnamese exporters.
Import and export of processed food expands opportunities for sustainable production

Import and export of processed food expands opportunities for sustainable production

VCN - The opportunity for Vietnam's food and processed food exports to Asia, Oceania, and Africa markets has been huge. However, to conquer these markets, focusing on sustainability and capturing changes in consumer tastes is necessary.
More opportunities to increase seafood exports to China

More opportunities to increase seafood exports to China

VCN - China is canceling strict Covid-19 prevention import procedures. Inspection and quarantine are no longer required for arrival goods. This is an excellent opportunity for Vietnam's exports, especially seafood, to penetrate this enormous market.
Help and create opportunities for businesses to expand into new markets

Help and create opportunities for businesses to expand into new markets

VCN - Talking with Customs News, Mr. Nguyen Van Nam, Chairman of the Council of the Institute for Brand Strategy and Competition, said that free trade agreements (FTAs) help businesses export and trade more smoothly, but the economic difficulties of the world have forced businesses to diversify and find new markets.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

More News

Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version